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. >>> while in greece they held off protesters launching molotov cocktails. >>> the president is taking the fiscal cliff solution to the people. plus, a modern day five story ripped through the pages of a tom clancey novel. "early today" starts right now. >> announcer: this is "early today" for friday, december 7th, 2012. >>> good mornings,er one. i'm lynn berry. we're going to start with breaking news out of japan. a strong 7.3 earthquake has struck off the country's northeast coast beneath the sea bed. it shook buildings as far as tokyo and warnings were issued for miyagi prefecture. there's no risk for a widespread tsunami. we'll bring you the very latest. >>> elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capitol, this time in response to a political explosive power grab by the president, mohammed morsi. right now army tanks surround the presidential palace as thousands of protesters shout topple the regime, the same chant heard during the regime of hosni mubarak. in a tv show morsi said absolute powers he granted himself will expire with a
. >>> while in greece they held off protesters launching molotov cocktails. >>> the president is taking the fiscal cliff solution to the people. plus, a modern day five story ripped through the pages of a tom clancey novel. "early today" starts right now. >> announcer: this is "early today" for friday, december 7th, 2012. >>> good mornings,er one. i'm lynn berry. we're going to start with breaking news out of japan. a strong 7.3 earthquake...
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Dec 10, 2012
12/12
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and, thanks to the internet, we met a few. 16-year-old cristos lives in greece and has taken more than five different computer courses. >> i now know what i want to study at university and what i want to do in my life. >> reporter: 22-year-old from kazakhstan got a job with twitter after taking artificial intelligence. >> you can gain all the top knowledge from a top university. >> reporter: in northern virginia, 14-year-old sophia and her mother, laura, have completed a variety of classes. >> you can sit on your couch in your pjs and learn about any topic that interests you. >> reporter: do you have a sense of what grade you would give yourself? >> probably an a minus. i'm a little rusty. i don't know about you. >> i would give myself an a plus. >> reporter: back at the university of pennsylvania, poetry professor says opening his class has changed his whole feeling about teaching. >> i like it because i get to teach people all over the world. they're self selective. because they're not getting credit at the moment and it's free, they come because they're interested in my topic, which
and, thanks to the internet, we met a few. 16-year-old cristos lives in greece and has taken more than five different computer courses. >> i now know what i want to study at university and what i want to do in my life. >> reporter: 22-year-old from kazakhstan got a job with twitter after taking artificial intelligence. >> you can gain all the top knowledge from a top university. >> reporter: in northern virginia, 14-year-old sophia and her mother, laura, have completed a...
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Dec 11, 2012
12/12
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guest: greece used to be one of the only three non-u.s. countries in nato that was spending 2% of gdp on national security. they are now below that because they cannot afford it. host: democratic caller, new jersey. caller: i am a retired attorney colonel. i've done a lot of research on the federal budget. whenever we start talking about entitlements, and relating it to the annual budget deficit, we're making a mistake. it has no part today in a problem. the spending increases for the war and other things that we basically did not fund, the huge loss in employment in 2007 and 2008 where people stopped paying taxes and started drawing welfare, and number three, we have the tax cuts, the bush tax cuts and the obama tax cuts which have severely reduced the amount of revenue. the tax burden on americans from the federal government today is an 80-year low. we cannot fund the government with the revenues and loss in jobs that we have. host: cbo has done a study. including all parts of the tax cuts, and you have sequestration, you could increase
guest: greece used to be one of the only three non-u.s. countries in nato that was spending 2% of gdp on national security. they are now below that because they cannot afford it. host: democratic caller, new jersey. caller: i am a retired attorney colonel. i've done a lot of research on the federal budget. whenever we start talking about entitlements, and relating it to the annual budget deficit, we're making a mistake. it has no part today in a problem. the spending increases for the war and...
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Dec 8, 2012
12/12
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>> you thought it was from greece. >> exactly. i had no idea. all of these companies, and maybe it needs to be like a marketing campaign, i do not know, but something i think should be done to change the image of immigrants and make it more positive, and i think that would facilitate everything we are talking about today. how do you guys think we can maybe change the image of immigrants and make it more positive and not make it back when everybody thinks of immigrants, they think of border wars? >> well, at different times and places, immigrants have been viewed more or less favorable in the united states. this is a nation of immigrants, but when immigration was largely cut off in the 1920's, a lot of americans became estranged from the immigrant roots of their forebears, and we lost a sense that we are a nation of immigrants, but we see an enormous economic vitality that comes from a reverse and active population that attracts immigrants and the kind of this, as they add to a community like northern virginia or southern california or texas, whe
>> you thought it was from greece. >> exactly. i had no idea. all of these companies, and maybe it needs to be like a marketing campaign, i do not know, but something i think should be done to change the image of immigrants and make it more positive, and i think that would facilitate everything we are talking about today. how do you guys think we can maybe change the image of immigrants and make it more positive and not make it back when everybody thinks of immigrants, they think of...
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Dec 20, 2012
12/12
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think you ask good questions but i would also ask you to review admiral mullen's and ambassador to greece request that has very specific set of requirements with respect to funding a suspicion i have reviewed and i will say there've been 18 arb is, not a single one of them has ever been fully implemented. so i understand about this process. i'm just saying that the culture within the state department to me is one that needs to be transform. this committee can help. may be the next secretary of state can do. but the fact is there's a lot of work that needs to be done. >> senator menendez? >> thank you, mr. chairman. and i, too, want to say that senator lugar, that he is leaving behind an extraordinary, at this point untreatable serving many of the ways in the future, but an extraordinary career, and a lasting legacy in so many different ways that we appreciate your service, and certainly remember ambassador stevens as the hallmark of what foreign service is all about. you know, our challenge both here at home and abroad in the context of terrorism is that the terrorists have to only be luc
think you ask good questions but i would also ask you to review admiral mullen's and ambassador to greece request that has very specific set of requirements with respect to funding a suspicion i have reviewed and i will say there've been 18 arb is, not a single one of them has ever been fully implemented. so i understand about this process. i'm just saying that the culture within the state department to me is one that needs to be transform. this committee can help. may be the next secretary of...
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Dec 28, 2012
12/12
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but it's not working in greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never cut and spending. grover norquist, here's a great example, he does not even believe in economic case multipliers. host: gary says -- guest: what's interesting about the last election cycles is we had under president bush and the end, democrats seized control of congress in big numbers. and we had the big democratic sweep with the white house in 2008. 2010, republicans came sweeping back. we've had a pendulum swing, very contractive time period. that's one of the factors. we have seen both sides really dug in because they don't k
but it's not working in greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never...
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Dec 7, 2012
12/12
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heritage foundation to see what we can do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices this he had would a lost our way -- that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on in america, jim understands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in different ways at different times, and to people back in south carolina, i hope if you get to see jim anytime soon, just say "thank
heritage foundation to see what we can do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices this he had would a lost our way -- that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy...
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Dec 29, 2012
12/12
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and are we en route to the status of greece? not at all. the simple truth is we are almost close to a position with the status quo would solve our problems. that is to say the expiration of the tax cuts pretty much take care of our intermediate deficit problem and implementation of the cost saving measures strengthened over time in the aca will deal with their long-term health care problem. so we are not that far away and we have other tremendous strengths in our country that would allow us to make the kind of investment to transform the economy, to do with the reality of stagnant wages and a sense of diminished opportunities. we have strengths. we can do it. we need the public to rain and behavior that's destructive and we need political leaders to act forcefully. given enough to bipartisan commissions and searched enough for bipartisan consensus. for sensible hard all politics along these lines. >> norm, i particularly cutie take the money question. a couple political had a great shared that showed that party polarization in congress was
and are we en route to the status of greece? not at all. the simple truth is we are almost close to a position with the status quo would solve our problems. that is to say the expiration of the tax cuts pretty much take care of our intermediate deficit problem and implementation of the cost saving measures strengthened over time in the aca will deal with their long-term health care problem. so we are not that far away and we have other tremendous strengths in our country that would allow us to...
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Dec 11, 2012
12/12
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see the kind of contraction that characterized the united states in the 1930's and is characterized greece today. the program of 375 billion pounds is 0.25 of an annual nominal gdp flow. a lot of money. bront money is now expanding at over 5% and we will see the impact of that on demand later in 2013. the second action the bank has taken to provide a breathing space before these broad macroeconomic factors feedthrough is to introduce what we call a funding for lending scheme. a special scheme started on the first of august under which the bank of england, with the garden -- guarantee of the governor because this is a cause i-fiscal action, would provide four-year financing for banks to enable them to increase lending to the real economy or at the least, to contract lending to the real economy by less than they would otherwise have done. we will lend to banks according to how much they are expanding their own net lending to the real economy and the more they expand their net lending, the lower the interest rate which will charge on loans to them. there is a powerful financial incentive buil
see the kind of contraction that characterized the united states in the 1930's and is characterized greece today. the program of 375 billion pounds is 0.25 of an annual nominal gdp flow. a lot of money. bront money is now expanding at over 5% and we will see the impact of that on demand later in 2013. the second action the bank has taken to provide a breathing space before these broad macroeconomic factors feedthrough is to introduce what we call a funding for lending scheme. a special scheme...
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Dec 1, 2012
12/12
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the brits were already fighting hard among themselves in the 1820's so should they help greece in the uprising against the turks? [laughter] that, by the way, is a very profound joke. if you are an empire that wants to make sure you play by the rules, it is always good to have a group that is discriminated against and they will go off to build an empire. it is very important. it just came to me with that? if you look out the rest of the democratic world, the spaniards, you name it, they're not exactly gung ho about putting their blood on the line when it comes to pursuing our values. the point, i guess, here is that you always have to have somebody who runs the show. there has to be one of very large power. usually it is anglo-saxon. we are now in a phase of american development with the power that has carried the burden over the last 60 years, as we all know, wants to lead from behind and is retracting from afghanistan, from iraq, and they're now exerting their power from afar and from above. drones above, boots on the ground. i fear if nobody takes on the responsibility of organizin
the brits were already fighting hard among themselves in the 1820's so should they help greece in the uprising against the turks? [laughter] that, by the way, is a very profound joke. if you are an empire that wants to make sure you play by the rules, it is always good to have a group that is discriminated against and they will go off to build an empire. it is very important. it just came to me with that? if you look out the rest of the democratic world, the spaniards, you name it, they're not...
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Dec 4, 2012
12/12
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the white house has said there would been on and on and no deals unless you look for greece to increase tax rates on the wealthy next year. >> what do they say about sequestration's and also changes to entitlement programs? >> interestingly, the debt limit does not address in this proposal. you will collin they proposed a change in the way the debt limit who was released. if you are asking their aides, and they tell us the speaker would be open to increasing the debt limit, but he is sticking to his rule that it must be accompanied by cuts and spending reform equal to or greater than the increase. it could be put on the table for negotiation. they are not laying out specific changes to medicare and medicaid. they want $600 billion in health savings. they mention things that have been mentioned for a year-and-a- half, including the eligibility age for medicare for a number of years and also means testing medicare benefits so they either pay more in premiums or receive less in benefits. the change to social security is also something that has come up repeatedly in these negotiations, whic
the white house has said there would been on and on and no deals unless you look for greece to increase tax rates on the wealthy next year. >> what do they say about sequestration's and also changes to entitlement programs? >> interestingly, the debt limit does not address in this proposal. you will collin they proposed a change in the way the debt limit who was released. if you are asking their aides, and they tell us the speaker would be open to increasing the debt limit, but he...
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Dec 15, 2012
12/12
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the same time to do it a in a way we can provide greece service for them regardless of how much revenue is available for them. a lot to talk about what we are doing and not doing. we have a great transaction platform for core a america. we have kept prices down. what we are looking for is, what is the model to serve customers going forward? we are seeing 70,000 do bubble banking customers. half a million czechs get deposited by people taking pictures of them now. the behavior has changed so fast 20 million texts that go out every month saying imbalance as well, make sure you do not overdraft. all of that put together is a tremendous level to serve customers traditionally with branches and atms and things like that. you can provide better service and you do not have to charge fees. >> we have time for a few questions from the audience. if i can ask you to -- it state who you are and who you are with. if you could also keep your questions >> so we can get to as many questions as possible. i think i have somebody walking around with microphones. >> are you indicating or implying that a big
the same time to do it a in a way we can provide greece service for them regardless of how much revenue is available for them. a lot to talk about what we are doing and not doing. we have a great transaction platform for core a america. we have kept prices down. what we are looking for is, what is the model to serve customers going forward? we are seeing 70,000 do bubble banking customers. half a million czechs get deposited by people taking pictures of them now. the behavior has changed so...
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Dec 29, 2012
12/12
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CSPAN2
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and are we en route to the status of greece? not at all. the simple truth is we are almost close to a position with the status quo would solve our problems. that is to say the expiration of the tax cuts pretty much take care of our intermediate deficit problem and implementation of the cost saving measures strengthened over time in the aca will deal with their long-term health care problem. so we are not that far away and we have other tremendous strengths in our country that would allow us to make the kind of investment to transform the economy, to do with the reality of stagnant wages and a sense of diminished opportunities. we have strengths. we can do it. we need the public to rain and behavior that's destructive and we need political leaders to act forcefully. given enough to bipartisan commissions and searched enough for bipartisan consensus. for sensible hard all politics along these lines. >> norm, i particularly cutie take the money question. a couple political had a great shared that showed that party polarization in congress was
and are we en route to the status of greece? not at all. the simple truth is we are almost close to a position with the status quo would solve our problems. that is to say the expiration of the tax cuts pretty much take care of our intermediate deficit problem and implementation of the cost saving measures strengthened over time in the aca will deal with their long-term health care problem. so we are not that far away and we have other tremendous strengths in our country that would allow us to...